Maran

When the case came up before the XIV Additional Judge for CBI cases S Natarajan, the CBI strongly opposed the discharge applications moved by the Maran brothers. Maintaining that all charges framed against them were supported with material and documentary evidence, the CBI wanted the special court to dismiss the discharge applications moved by the duo and also filed an additional affidavit.

Maran Brothers, others acquitted in Aircel-Maxis case

The special 2G court, headed by OP Saini, in it's order, held that CBI has relied on misreading if official documents, to make out a case against the accused. As per the special court, CBI relied heavily on merely speculation and surmises of the complainant, C Sivasankaran.

Swamy moves SC against Maran-owned Sun Group

Swamy moves Supreme Court against the issue of licence to radio channel Red FM.

Court summons SpiceJet, Maran as accused in IT cases

Additional Chief Metropolitan Magistrate Pritam Singh issued summons to Maran, the company and its Managing Director S Natrajhen after taking cognizance on two complaints filed against them by the IT Department. The court directed them to appear before it on August 21.

Aircel-Maxis case: Sun TV moves SC for interim stay

According to the case, ED had sought to attach Sun TV's assets worth Rs 750 crore in illegal gratification received by the former Telecom Minister Dayanidhi Maran, in the Aircel-Maxis case.

Sun TV up 11%, AG says MHA security clearance denial wrong

The Ministry of Home Affairs has denied security clearance denied on the basis of an ongoing probe against Maran by the Central Bureau of Investigation (CBI) and the and Enforcement Directorate (ED).

Don't expect broadcasting licence to be revoked: Sun Group

SL Narayanan, group chief financial officer, Sun Group, says the Home Ministry did not give security clearance only for some radio stations and the I&B ministry wrote to them to reconsider its decision.

SpiceJet surges 14% as it increases payment to AAI

The airline is now paying Rs 75 lakh per day to the airports operator for availing the services as against its per day billing of about Rs 70 lakh, official sources said. SpiceJet was earlier paying Rs 50 lakh per day to AAI for the landing, parking and other charges.

SpiceJet surges 18% on CCI nod to Ajay Singh's takeover

In an exclusive interview to CNBC-TV18, Singh said he is hoping to invest into SpiceJet by February 24. He is likely to pump in Rs 400 crore in the airline as part of the first tranche of committed investment. Under the revival plan, Singh will acquire majority stake and control in the airline.

SpiceJet shares down 4% as Q3 loss widens

In the middle of an ownership change, SpiceJet had yesterday reported a steep 59 percent rise in third-quarter net loss at Rs 275 crore on lower passenger numbers and a one-time cost of Rs 295 crore.

Singh may give SpiceJet funding plan to aviation min today

Singh, who has also been in talks with SpiceJet promoters – the Marans - to bag investments of up to USD 200 million, is also working to get two foreign PE investors on-board.

Comfortable with exposure to SpiceJet: City Union Bank

The low-cost airline‘s operations came to a standstill on Wednesday after oil marketing companies did not supply jet fuel due to overdues.

ED questions Maran brothers in Aircel-Maxis laundering case

"Both the Marans have been questioned and their statements recorded under the provisions of the Prevention of Money Laundering Act. They could be summoned again," sources said.

CBI chief hits back; files perjury case against CPIL

CBI chief Ranjit Sinha has been accused of trying to get a clean chit for the Maran brothers who have been chargesheeted in the case.

Airlines into audit red-flags over 'going concern' claims

The auditors of Jet Airways, SpiceJet and Kingfisher Airlines have said that the "appropriateness of the going concern basis" is dependent on the respective company's ability to generate adequate finance to meet short-term and long-term obligations and to operate profitably.

CBI to file more chargesheets in 2G scam: Subramanian Swamy

Subramanian Swamy, the chief petitioner of the 2G scam and the president of the Janata Party believes that he will stand vindicated after he brought up the Maran-Aircel link in the Supreme Court.

Tamil Nadu cable TV operators on hunger strike against Sun

Around 500 cable TV operators are sitting on a hunger strike in Chennai as they are demanding an end to Sun Network's monopoly in Tamil Nadu, reports CNBC-TV18.